How Do You File For Chapter 7 Bankruptcy?
• Determine if bankruptcy is the best option for you. Bankruptcy should be considered your last option, and should only be used if you have exhausted all other possibilities. • Find out if you qualify for Chapter 7 Bankruptcy. The qualification is based on your income and family size relative to the state you are filing in. This is done by filling out a federal form called “The Means Test”. If you qualify, proceed to Step 3. If you DO NOT qualify, you’re only option would be a Chapter 13 “debt consolidation”. • Consult a bankruptcy attorney in your area. A bankruptcy attorney can help you determine whether chapter 7 is the best option for you, and can guide you through the entire process. Should you decide to file for Chapter 7 bankruptcy without a lawyer, the “How-To” link is provided here: http://www.wikihow.com/File-Chapter-7-Bankruptcy-Without-a-Lawyer • Complete mandatory credit counseling. This will cost $30.00 to $50.00 but the fee may be waived in certain circumstances. If your
